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Description

Course overview

The course provides a comprehensive overview of the practices of exploration and development petroleum economics and its application in valuing oil and gas assets to aid corporate decisions.

Participants will construct economic models, to include basic fiscal terms, production and cost profiles and project timing. The resulting model will provide insights of how the various inputs impact value and their relative affect through sensitivities – field studies will be used throughout the course.

The course is designed for

Professionals who need to learn about the industry

Personnel within the industry

Technical support staff entering the industry

Technical staff who want to expand their understanding of the industry

Students considering the industry as a career

Course outline

Introduction

Introduction to the oil and gas industryRisk versus reward Exploration economics Development economics